Alaska secures debut Paisley retail park prelet

Alaska Development Management, representing one of its Luxembourg clients, has agreed the first letting for its £8m Paisley Retail Park in Paisley, near Glasgow.

B&M Home has prelet a 25,000 sq ft store at the 50,000 sq ft retail park which is located on Renfrew Road on the way to Glasgow Airport.

The contractor for the scheme is Bowmer & Kirkland and construction has started with completion due in the autumn.

B&M will pay £10 per sq ft on a new 15 year lease.

The letting is the first of four units that are available on the Open Class 1 consent retail park. 25,000 is available either as a single unit or in combination of a 10,000 sq ft and two 6,732 sq ft units. The retail park sits opposite a Tesco Extra which is due to open next year.

Edgerley Simpson Howe and Montagu Evans are joint agents on the scheme. Bargain Madness was advised by Burns Property Consultants.